Sreedhara Murthy B N
Ex-manager, Nationalised Bank
Abbasiti
Assistant Engineer, Indian Telephone Industries,
Contactkvp
Hr Officer
Bssiraj
Hr Executive
+1 Other

PRIME SPONSOR - FACTOHR - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Dear All, 1. What is the benifit by adopting EDLI lic scheme ? 2. What are all the disadvantages of EDLI PF scheme? Can any one help me in this matter; Reg, Prasanna
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Venkat,
My above posting was on 14.08.2010. On 08.01.2011 EPFO amended the scheme. As per the new provision, in addition to the above calculation another calculation viz. 20 times of salary subject to a salary ceiling of 6500 (Amount ceiling will be 6500 x 20 = 130000) was also introduced and whichever is higher of these two will be taken into account. From 01.09.2014 onwards 20 times is enhanced to 24 times and ceiling salary enhanced to 15000. Hence the amount 24 x 15000 = 360000.
Abbas.P.S
Dear Mr Abbas,
Thanks for your elaborated clarification, I've gone through the latest circular which is also attached for reference but no where it was mentioned 24 times of Rs.15000/-. Don't mistake me I shall be thankful if you substantiate for the evidence in the form of circular etc..
-Venkat
Dear Mr Abbas, Pl find the latest amendment from EPFO related with EDLI. - Venkat

Attached Images
Membership is required for download. Create An Account First
File Type: jpg EDLI latest amendment from EPFO.JPG (2.21 MB, 2737 views)

Dear Mr. Venkat,
You might not have seen that 20 times is enhanced to 24. But the 2nd paragraph of the notification which you have posted can be reproduced as under.
" 2. Additionally, the benefits under paragraph 22 of this scheme shall be increased by 20% in addition to the benefits admissible under sub-paragraph (1), (2) & (3) of paragraph 22."
20% of 20 is 4. i.e 20 times will be increased by 20% resulting to 24 times.
Abbas.P.S
Hi guys, What is the minimum eligibility of claim this amount. Actually PF official said this claim for minimum eligibility is one year turned.
Friends,
The latest official Gazette notification is w.e.f 15-02-2018 with regard to enhancement in the EDLI benefits.
Suppose an employee is deceased on 02-02-2018, whether the nominee/claimants are eligible for the benefits under the revised amendment.
thank you,
Sreedhara Murthy B N
Sir
I want to detailed pdfs for edli and epfo recent amendments
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Add Reply Start A New Discussion






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™